Lynn Dreise is the bookkeeper for Sanculi Company SpA. Lynn has been trying to get the statement of financial position of Sanculi Company SpA to balance correctly. Sanculi’s statement of financial position is shown as follows. SANCULI COMPANY SpA Statement of Financial PositionDecember 31, 2017 Assets Liabilities Equipment €48,000 Share capital—ordinary €50,000 Supplies 8,000 Retained earnings 17,500 Cash 14,000 Accounts payable 16,000 Dividends 5,000 Accounts receivable (8,500) Total assets €75,000 Total equity and liabilities €75,000 Instructions Prepare a correct statement of financial position.